Asetek reported third-quarter revenue of $9.8 million compared with $12.2 million in the same period of 2024. Revenue for the first nine months was $30.9 million compared with $37.1 million in the same period of 2024. The change in both periods mainly reflects fewer shipments of liquid cooling products. Gross margin was 42% for the third quarter and 44% for the first nine months, compared with 36% and 42% in the respective periods of 2024. The gross margin increase is principally due to the supply chain issue recognized in September 2024.

"While macro uncertainties continue to influence near-term demand, Asetek has made significant progress in firming up growth expectations for 2026 and onwards as new and existing clients sign agreements for our high-end and mid-market liquid cooling solutions. This reflects our dedicated commercial work and an industry-wide recognition of our high-quality offering. We also successfully launched our mass-market sim racing product portfolio to wide industry and end-user acclaim. The Initium product series significantly expands our addressable market and positions us for growth when markets stabilize," says André S. Eriksen, the CEO of Asetek.